Well, there is more bleak news lately. Consumers are clearly holding back on their spending. The camera gear  manufacturers are most likely nervous too. No government stimulus package for them, so they do themselves a favor by enticing us to buy.

Canon has just sent out an email newsletter about its instant saving deals on SLR lenses and flashes. The offer is valid between October 19, 2008 and January 17, 2009 at authorized Canon dealers. Check out the qualified products in this Canon flyer (PDF) or the image below (Click to view larger version).

If you are interested in digital camcorders, mail-in rebates are also offered for the XL2 and GL2 models.

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